Trump Media and Technology Group (DJT.US) announced a $2.5 billion private placement with 50 institutional investors to build one of the largest corporate Bitcoin treasuries among public companies.
The offering, closing May 29, 2025, includes $1.5 billion in common stock and $1.0 billion in convertible notes. CEO Devin Nunes called Bitcoin "an apex instrument of financial freedom" and said the move will protect against financial institution discrimination while creating synergies across Truth Social, Truth+, and Truth.Fi platforms.
The fundraising adds to Trump Media's existing $759 million cash position and supports the company's evolution into a holding company pursuing "America First" acquisitions. Crypto.com and Anchorage Digital will provide custody services for the Bitcoin treasury.
Yorkville Securities and Clear Street led the placement, with Cantor Fitzgerald serving as financial advisor.
DJT.US (D1)
The stock is trading within a consolidation zone that began last month. Bulls will aim to break above the 200-day SMA at $26.58, targeting the yearly highs, while bears will look to retest the 50-day SMA at $22.34. The stock is gaining in the premarket.
Quantum Computing after Earnings: Quantum Breakthough?
Alibaba sell-off extends amid White House national security concerns📌
US Earnings Season Summary 🗽What the Latest FactSet Data Shows
US Open: US100 initiates rebound attempt 🗽Micron shares near ATH📈
